RESF

Samsung Q3 profit beats expectations, raising hopes of chip recovery

by
Samsung Q3 profit beats expectations, raising hopes of chip recovery

Best quarterly profit so far this year Shares open 3.3% higher Memory chip prices likely hit bottom in Q3-analysts SEOUL, Oct 11 (Reuters) – Samsung Electronics (005930.KS) on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn. Samsung … Read more

Broadcom forecasts fourth-quarter revenue below Wall Street expectations

by
Broadcom forecasts fourth-quarter revenue below Wall Street expectations

The Broadcom Limited company logo is shown outside one of their office complexes in Irvine, California, U.S., March 4, 2021. REUTERS/Mike Blake Acquire Licensing Rights Aug 31 (Reuters) – Broadcom (AVGO.O) forecast fourth-quarter revenue below Wall Street estimates on Thursday, on worries bleak enterprise spending and stiff competition in the networking chip space will outweigh … Read more

UBS winds down Credit Suisse Global Markets business – client letter

by
UBS winds down Credit Suisse Global Markets business – client letter

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing Rights ZURICH, Aug 30 (Reuters) – Credit Suisse said it will reduce the volume of new markets business from Sept. 22 while UBS (UBSG.S) integrates its former rival, the bank said in a letter … Read more

National Bank of Canada’s profit falls on bigger loan loss provisions

by
National Bank of Canada’s profit falls on bigger loan loss provisions

The National Bank of Canada logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing Rights Aug 30 (Reuters) – National Bank of Canada (NA.TO) posted a drop in its third-quarter adjusted profit on Wednesday, as the lender set aside more capital to cover for potential … Read more

Nvidia shares hit record high as AI demand fuels record results

by
Nvidia shares hit record high as AI demand fuels record results

A Nvidia logo is seen on one of their products on display at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing Rights Aug 24 (Reuters) – Shares of Nvidia (NVDA.O) rose as much as 6.7% on Thursday, hitting an all-time high, after the company unveiled a $25 billion stock buyback … Read more

Investors look to AI-darling Nvidia’s earnings as US stocks rally wobbles

by
Investors look to AI-darling Nvidia’s earnings as US stocks rally wobbles

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo Acquire Licensing Rights NEW YORK, Aug 23 (Reuters) – Bullish investors are hoping Wednesday’s earnings report from chip heavyweight Nvidia (NVDA.O) can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia … Read more

Illumina cuts annual profit forecast as biotech funding woes linger

by
Illumina cuts annual profit forecast as biotech funding woes linger

The offices of gene sequencing company Illumina Inc are shown in San Diego, California January 11, 2016. REUTERS/Mike Blake/File Photo Aug 9 (Reuters) – Illumina Inc (ILMN.O) cut annual profit forecast, in a sign that a funding crunch among its biotech and pharmaceutical clients is expected to weigh on sales for its genetic testing tools … Read more

Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

by
Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Aug 3 (Reuters) – Apple (AAPL.O) on Thursday forecast that a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal … Read more

Booking Holdings boosts forecast as travel demand defies weak economy

by
Booking Holdings boosts forecast as travel demand defies weak economy

Aug 3 (Reuters) – Booking Holdings (BKNG.O) on Thursday raised its forecast for third-quarter gross bookings as pent-up demand for travel outweighed rising costs and concerns around an uncertain economy, sending its shares up 10.25% in extended trading. It now expects gross bookings, which refers to the total dollar value of all travel services booked … Read more

Daimler Truck hits double-digit return on sales in industrial business

by
Daimler Truck hits double-digit return on sales in industrial business

BERLIN, Aug 1 (Reuters) – Daimler Truck (DTGGe.DE) achieved a record adjusted return on sales in its second quarter of 10.3% for its industrial business making trucks and buses, the company said on Tuesday, boosted by considerable growth in its North America and Asia business. Unit sales rose by 9% with revenue up 15%, indicating … Read more